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Major Topping Pattern Taking....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Major Topping Pattern Taking Shape
EURGBP staged a mini recovery off 18 month lows (Gbp0.8617), before topping out
at 0.8665. Bears look for a retest of the Asia low to strengthen the case for a
major topping pattern. A close below here opens a run at the 0.85 level, ahead
of the 200-wma at 0.8428. Bulls need to clear up trendline support turned
resistance around the 0.8700 level, bringing the 200-dma back into view at
0.8866.

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